Shares of General Motors have surged nearly 6% to notch a record high in intraday trading Tuesday after the automaker revealed a fresh electric van and possible plans to build futuristic flying cars. The move puts auto ETFs in the spotlight as well. GM stock had rallied by as much as 8.8% to $48.95 a share [...] Read more at ETFtrends.com.
Horizon Kinetics LLC announced the launch of its first ETF, the Inflation Beneficiaries ETF (INFL), an actively managed fund, which began trading on the New York Stock Exchange (NYSE) on Tuesday. This active ETF will be managed using the same long-term, value-oriented, and proprietary research-driven philosophy that has guided the management of the Firm’s other [...] Read more at ETFtrends.com.
On Tuesday, Bitwise Asset Management, a leading provider of crypto index funds, and ETF Trends, a leading source of exchange-traded fund news, tips, webcasts, and investing ideas, released the findings of the Bitwise/ETF Trends 2021 Benchmark Survey Of Financial Advisor Attitudes Toward Cryptoassets. Nearly 1,000 financial advisors answered a series of questions on cryptoassets and [...] Read more at ETFtrends.com.
Getting international diversification can bring yield-starved investors better fixed income options compared to safe haven domestic bonds, but it’s also a good idea to hedge against currency risk when looking overseas. Enter the Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). “Income investors and retirees love stocks that pay high dividends,” a Fool.com article [...] Read more at ETFtrends.com.
The pandemic has triggered a race to introduce vaccine and treatment, thereby opening up new investing opportunities in the biotech sector in the past year. Consequently, this hot space for investments had a good run on the bourses during this period. Notably, the S&P Biotech
Small cap strength is showing in the new year as the global economy continues the healing process. It’s feeding into strength for the Invesco S&P SmallCap Materials ETF (PSCM), which is already up 10% year-to-date. PSCM seeks to track the investment results of the S&P SmallCap 600® Capped Materials Index. The companies found within the [...] Read more at ETFtrends.com.
Financial technology could pay investors back in gains for the remainder of 2021. They may want to consider the Global X FinTech ETF (FINX) as the space continues to grow. “Coronavirus created quite a disruption to the global economy in 2020, and complications still linger,” a MarketWatch report said. “However, the pandemic proved once and for [...] Read more at ETFtrends.com.
Big banks will start releasing their quarterly numbers this week. Let’s delve into the earnings potential of the big six banking companies that could drive the performance of the sector ahead.
Stocks and index ETFs are dripping lower on Tuesday as traders contend with climbing interest rates. The Dow Jones Industrial Average had climbed 56 points, or 0.2% before trading down the same amount. The S&P 500 is 0.34% lower, while the Nasdaq Composite dropped 0.2%. Major stock ETFs are falling for the second consecutive day [...] Read more at ETFtrends.com.
The biotechnology industry isn’t backing down, with ETFs like the Direxion Daily S&P Biotech Bull 3x Shares (LABU) gaining over 15% to start the new year. More strength could be ahead as the global economy continues to battle with the Covid-19 pandemic. LABU seeks daily investment results of 300% of the daily performance of the S&P [...] Read more at ETFtrends.com.
The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Tuesday, with over 188,000 shares traded versus three month average volume of about 33,000. Shares of IXG were up about 1.1% on the day.
Getting international diversification via ETFs can help give investors equities exposure to areas responding differently to the Covid recovery. Fortunately, VanEck has three single country funds that are outperforming to start 2021. From Epicenter to Growth Leader First up is the VanEck Vectors China Growth Leaders ETF (GLCN), which is up 6% in the early [...] Read more at ETFtrends.com.
In trading on Tuesday, the Oil Services ETF is outperforming other ETFs, up about 6% on the day. Components of that ETF showing particular strength include shares of Transocean, up about 16.5% and shares of RES, up about 13.8% on the day.
The heavier reliance on the internet amidst the pandemic fed into more strength for cybersecurity. Investors can continue to pad their portfolios with a cybersecurity play through the iShares Cybersecurity and Tech ETF (IHAK). “The evolution of the work from home economy, the boom on online commerce, the focus on election security and the looming [...] Read more at ETFtrends.com.
With Bitcoin in the headlines again, blockchain investing is receiving renewed attention. Certain fintech exchange traded funds like the ARK Fintech Innovation ETF (NYSEARCA: ARKF) can help investors marry those two concepts. The actively managed ARKF invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology infrastructure platforms, ultimately [...] Read more at ETFtrends.com.
Dividend stocks stormed back late last year from some trouble spots in the first half of 2020 and with that comes a brighter outlook for 2021 and the ALPS Sector Dividend Dogs ETF (SDOG). SDOG tries to reflect the performance of the S-Network Sector Dividend Dogs Index, which applies the “Dogs of the Dow Theory” on [...] Read more at ETFtrends.com.
Twitter (NYSE: TWTR) slumped on Monday as investors fretted about lost daily users after the company permanently banned President Trump. However, some analysts believe that social media stocks can deal with the political headwinds. That’s good news for the Global X Social Media ETF (NasdaqGM: SOCL). Twitter is one of the largest holdings in SOCL, [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) entered into oversold territory, changing hands as low as $134.945 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical ana
In trading on Tuesday, shares of the iShares Core Total USD Bond Market ETF (Symbol: IUSB) entered into oversold territory, changing hands as low as $53.94 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicato
The Q4 earnings picture has been improving since the start of the quarter given the rollout of COVID-19 vaccines and optimism that the economy is coming out of the pandemic-led slump. This is especially true as S&P 500 earnings are expected to decline 10.4% despite 0.3% highe